Thursday, July 31, 2014

Patreon 6 Month Follow-Up Report

For the most part, I still stand behind my positive first impressions of Patreon. I believe it's an amazing way for artists to connect directly with their audiences in a uniquely intimate way that's only going to gain momentum as time goes on, especially with the infusion of funding that Patreon has recently received from investors. They're well on their way to making this format bigger and better!

Building Audience Engagement

Hosting on Patreon has only made me grow fonder and closer to the special few who have sought to support me not just with their words, but with their wallets. This is important as I feel like I am nurturing an important list of clientele who, due to their relationship with me, will also feel more motivated to spread the word about my art, word of mouth still being the most powerful marketing method available beyond any method we could pay for.

Engaging with people on Patreon has also had the wonderful side effect of motivating me to finish work not just for myself, but so I can have something amazing and worthwhile to share with my patrons. It's a positive form of pressure that really energizes me as an artist.

The funds I do get from Patreon have had real results, such as allowing me to upgrade my old paints and to purchase a yearly membership to Artist Market Online. Again, I've created engagement because my Patrons are a part of helping me succeed, further building a rapport between us.

Doing the Math

As of this writing, I am making $50 per painting thanks to 4 patrons and they have helped me to meet 2 of my goals. This generally results in $50 extra a month on top of my current income because I usually only produce one detailed painting a month.

For those who say that this isn't a lot, I still believe my time on Patreon to be worthwhile because I have built my rewards in such a way that I am not doing too much extra work that I wasn't already doing before to share with my fans (more on this in the next section).

Chances are that my current patrons will stay if I can keep my material meaningful and engaging to them, meaning that my Patreon page is more than likely to gain exponentially higher return on investment as time goes by.

EDIT: I had a question about charging per Creation or per Month, as you are able to choose either method on Patreon. I have my Patreon set up per creation since that seems to work the best for me.

I am not always sure I'll have time to finish something, so that removes any pressure from me if I don't deliver, as I'd hate people to pitch in and then get nothing that month either because I wasn't able to produce, or I was working on a project under an NDA that couldn't be shared on Patreon. If I don't produce anything, patrons won't have to worry about spending any money and being disappointed in their investment in me, which could lead to a bad reputation on my part.

However, I can see a monthly pledge working really well for comic creators who have very concrete schedules of production and releases. They'll always know when they're going to have pages out and exactly how many they can expect for a month so that their patrons will never be disappointed or feel like their investment was misplaced.

Patron Rewards

The way I have crafted my rewards by fashioning them as a natural extension of what I am (or planning) to do with my art business has made them much more manageable and proactive for my business.

For instance, I host Q&A sessions each month which are meant for my Patreon patrons, but are open to the public, so I'm not completely excluding a large part of my audience. I had planned to do this before, but had never gotten around to it. Patreon provided important motivation for me to get serious about sticking to a video production and broadcast schedule, which is a great move for my art business.

I also provide my Patreon patrons with sketch diaries of my paintings, which I used to do on this very same blog. However, they are private and only for Patreon patrons now. To make up for this loss to my blog, I still produce a video compilation of my creative process for the public at large which covers much (but not all) of what I talk about in the sketch diaries so that my regular fanbase won't feel neglected.

My Patreon patrons also get to see these process videos a week ahead of my regular fanbase, which still helps them to feel special. My patrons also get to interact with me privately on these sketch diaries, which are open to their comments, where they can engage with me directly during my creative process.

Sketch diaries and videos were already part of my business model, but I have monetized them in such a way that is more friendly to my fanbase rather than alienating them. I advise others to consider doing the same on Patreon. Find a way to make interesting exclusives and consider doing time-based releases that still help your patrons feel special, while still leaving material for your non-Patreon fanbase.

Web comics on Patreon use this strategy to great effect by providing rewards for patrons such as exclusive stories, week early releases, and other such enticing digital content (ie. My $5+ patrons also get exclusive wallpapers!).

Conclusions

Patreon is a wonderful way to create engagement with your audience and is especially smart for creators who produce regular ongoing digital content, such as podcasts and web comics. It is less effective for painters and other 2D one-off creators, unless you can find a way to create rewards that do not take you too much time to fulfill or that work in synergy with your current promotion efforts.

Even though it may not be as effective for painters as it is for podcasters, this may change in the future as Patreon becomes more widespread and improves their format, especially their currently limited categories.

Patreon also represents an opportunity for painters to get creative with what they're offering. Just because it doesn't seem as good for us now as it is for others doesn't mean we can't discover brand new ways to creatively engage our fanbase!

That's what I'm planning to do and why I have no intention of leaving Patreon any time soon.

Reader Questions

Are you on Patreon (or a patron)? What are you creating there and who are you sponsoring?

How do you handle your rewards? If you're a 2D artist, what rewards are you offering for your patrons?